HS Hyosung Launches Large-Scale Solar Power Facilities in Vietnam
HS Hyosung Advanced Materials announced on March 30 that it has completed and commenced full-scale operation of a solar power facility with a total capacity of 17.5 megawatt-peak (MWp) on the rooftop of its Vietnam subsidiary factory located in the Nhon Trach Industrial Park, Dong Nai Province, Vietnam.
This facility construction was carried out in cooperation with NuriFlex, an energy IT specialist. It represents a strategic measure to advance into a global eco-friendly manufacturing hub through the ‘Smart Green Factory’ initiative, which combines digital energy management technology with renewable energy.
HS Hyosung Advanced Materials has established a system capable of real-time monitoring of power generation and facility status, as well as optimizing operational efficiency, by introducing an IoT-based energy management system. Through this, the company is simultaneously enhancing energy operational efficiency, facility stability, and productivity.
Upon the completion of additional facilities in August, the company will secure a total of 37.5 MWp of rooftop solar power facilities within the Nhon Trach Industrial Park.
From the second half of the year, when all facilities become operational, an annual electricity cost saving of over 6 billion won (approximately $4 million) is expected, which will strengthen production cost competitiveness. Furthermore, as the greenhouse gas emission reduction effect expands, the foundation for promoting sustainable management is also projected to be further reinforced.
HS Hyosung Advanced Materials’ Vietnam subsidiary has established a foundation to systematically respond to global customers’ demands for renewable energy use and carbon emission-related information by precisely managing carbon reduction from solar power generation with refined data through its energy IoT solution.
The production base within Vietnam’s Nhon Trach Industrial Park serves as a supply hub for major global customers such as Michelin, Bridgestone, Goodyear, Continental, and Pirelli. The establishment of this solar power infrastructure and the introduction of a smart energy management system are expected to become a strategic foundation for strengthening ESG supply chain competitiveness in a global market that places importance on eco-friendly value chains.
An official from HS Hyosung Advanced Materials stated, “Starting with our Vietnam production base, we are simultaneously pursuing renewable energy transition and energy efficiency across all our business sites.” The official added, “Through the expansion of solar facilities and other initiatives, we will strengthen both cost competitiveness and ESG response capabilities, proactively addressing the demands of our global customers.”